Bauernfreund reduces gearing on £1.2bn AVI Global trust

13% gearing

clock • 2 min read
Joe Bauernfreund, manager of the AVI Global trust
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Joe Bauernfreund, manager of the AVI Global trust

Joe Bauernfreund, manager of the £1.2bn AVI Global trust, has been reducing the gearing on the portfolio since the end of 2021 and “slowly but surely” eliminated the entirety of the gearing and moved to a small cash position.  

He said this move was due to a combination of the shifting monetary policy and evaluation concerns. According to Morningstar, the trust has had a three-year high of 13% gearing and is able to go as...

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